Stock Market Highlights: Nifty, Sensex Shrug Off Trump Tariff Hike, Sharp Recovery In The Last Hour Of Trade
Stock Market Highlights: The NSE Nifty 50 benchmark ended 21 points, or 0.09% higher at 24,596 and the 30-stock BSE Sensex ended 79 points, or 0.10% lower at 80,623.
The Indian equity benchmarks closed in the green, recovering sharply during the last hour of trade snapping its two day decline. The Nifty 50 had declined as much as 0.94% through the day, jitters from Trump's hike in tariffs. Despite this, the markets had averted a major slip on the back of these developments.
There was a sharp recovery that was evident in the last hour of trade that ended the markets in green. Hero MotoCorp, Tech Mahindra, JSW Steel, Wipro and Eternal marked notable gains for the index. The NSE Nifty 50 benchmark ended 21 points, or 0.09% higher at 24,596 and the 30-stock BSE Sensex ended 79 points, or 0.10% lower at 80,623.
Shares of Hero MotoCorp marked gains of 4.15% while Tech Mahindra, JSW Steel, Wipro, Eternal gained over 1% that contributed to the gains of the benchmark index Nifty 50.
Eleven out of 15 sectors ended in the green, with Nifty Media, IT, Pharma, gaining the most. Sectors like defence, energy, oil and gas closed in the red.
The BSE Midcap and Smallcap indices ended 0.30% higher and 0.18% lower, respectively. Market breadth was skewed in the favour of sellers. Around 2,167 stocks declined and 1,871 stocks advanced while 153 remained unchanged on BSE.
